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F5 vs Lantronix: revenue, profit, margins and growth compared

F5 brought in $3.1B of revenue in fiscal 2025, Lantronix $120.9M in fiscal 2026. Revenue changed by +9.7% at F5 and -1.6% at Lantronix on the year before, so F5 grew faster. F5 kept 22.4% of its revenue as net profit, Lantronix -3.5%. Free cash flow was $906.4M at F5 and $9.3M at Lantronix.

Side by side, latest fiscal year

FFIVLTRX
Fiscal year endedFY2025 (September 30, 2025)FY2026 (June 30, 2026)
Revenue$3.1B$120.9M
Revenue growth+9.7%-1.6%
Net income$692.4M-$4.2M
Net margin22.4%-3.5%
Free cash flow$906.4M$9.3M
Free cash flow margin29.4%7.7%
Earnings per share (diluted)$11.80-$0.10
Cash$1.3B$60.5M
Debtn/a$0
Price to earnings37.5n/a
Market value$25.1B$279.3M
Dividend yieldn/an/a
Rank by revenue in sector#15 of 51 · Telecommunications#40 of 51 · Telecommunications

Over the years

Revenue
FFIV FY2018: $2.2BFFIV FY2019: $2.2BFFIV FY2020: $2.4BFFIV FY2021: $2.6BFFIV FY2022: $2.7BFFIV FY2023: $2.8BFFIV FY2024: $2.8BFFIV FY2025: $3.1BLTRX FY2019: $46.9MLTRX FY2020: $59.9MLTRX FY2021: $71.5MLTRX FY2022: $129.7MLTRX FY2023: $131.2MLTRX FY2024: $160.3MLTRX FY2025: $122.9MLTRX FY2026: $120.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FFIV $3.1BLTRX $120.9M
Net income
FFIV FY2018: $453.7MFFIV FY2019: $427.7MFFIV FY2020: $307.4MFFIV FY2021: $331.2MFFIV FY2022: $322.2MFFIV FY2023: $394.9MFFIV FY2024: $566.8MFFIV FY2025: $692.4MLTRX FY2019: -$408KLTRX FY2020: -$10.7MLTRX FY2021: -$4MLTRX FY2022: -$5.4MLTRX FY2023: -$9MLTRX FY2024: -$4.5MLTRX FY2025: -$11.4MLTRX FY2026: -$4.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FFIV $692.4MLTRX -$4.2M
Net margin
FFIV FY2018: 21.0%FFIV FY2019: 19.1%FFIV FY2020: 13.1%FFIV FY2021: 12.7%FFIV FY2022: 12.0%FFIV FY2023: 14.0%FFIV FY2024: 20.1%FFIV FY2025: 22.4%LTRX FY2019: -0.9%LTRX FY2020: -17.9%LTRX FY2021: -5.7%LTRX FY2022: -4.1%LTRX FY2023: -6.8%LTRX FY2024: -2.8%LTRX FY2025: -9.3%LTRX FY2026: -3.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FFIV 22.4%LTRX -3.5%
Revenue growth
FFIV FY2019: +3.7%FFIV FY2020: +4.8%FFIV FY2021: +10.7%FFIV FY2022: +3.6%FFIV FY2023: +4.4%FFIV FY2024: +0.1%FFIV FY2025: +9.7%LTRX FY2020: +27.7%LTRX FY2021: +19.4%LTRX FY2022: +81.4%LTRX FY2023: +1.2%LTRX FY2024: +22.2%LTRX FY2025: -23.3%LTRX FY2026: -1.6%FY19FY20FY21FY22FY23FY24FY25FY26
FFIV +9.7%LTRX -1.6%
Free cash flow
FFIV FY2018: $707.6MFFIV FY2019: $644.3MFFIV FY2020: $601MFFIV FY2021: $614.5MFFIV FY2022: $409MFFIV FY2023: $599.2MFFIV FY2024: $762MFFIV FY2025: $906.4MLTRX FY2019: -$2.6MLTRX FY2020: -$3.1MLTRX FY2021: $3.5MLTRX FY2022: -$11.5MLTRX FY2023: -$2.4MLTRX FY2024: $17.1MLTRX FY2025: $6.8MLTRX FY2026: $9.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FFIV $906.4MLTRX $9.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about F5 and Lantronix

Which is bigger by revenue, F5 or Lantronix?

F5 is bigger by revenue: $3.1B in fiscal 2025, against $120.9M for Lantronix in fiscal 2026.

Which keeps more of its revenue as profit, F5 or Lantronix?

F5 had a net margin of 22.4% in fiscal 2025; Lantronix had -3.5% in fiscal 2026.

Which grew revenue faster, F5 or Lantronix?

In their latest fiscal years revenue changed by +9.7% at F5 and -1.6% at Lantronix.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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